Feb 3, 2014 8:28 AM by AP
BATON ROUGE, La. (AP) - A study done by the university's Division of Economic Development has determined that LSU's nine campuses impact the state by as much as $3.9 billion every year.
To come up with a snapshot of LSU's value to Louisiana, the study measures everything from the goods and services LSU buys from vendors, the spending habits of faculty and staff and the cost of students' food, transportation and housing.
The study found that for every dollar LSU receives from the state, the university's campuses collectively provide a return of $5.08 in total economic activity.
LSU President F. King Alexander tells The Advocate he asked economists at the E.J. Ourso College of Business this summer to come up with a way to measure LSU's impact on different regions of the state and on Louisiana as a whole.